İşbank has committed to supporting the transition to a carbon-neutral economy in global by joining another international initiative in line with its sustainability vision. İşbank has joined the industry-led, UN-convened Net-Zero Banking Alliance (NZBA) which brings together banks worldwide committed to aligning their portfolios with net-zero emissions by 2050 in line with the most ambitious targets set by the Paris Climate Agreement. NZBA is crucial in mobilizing the financial sector for climate.
In 2020, İşbank signed the Principle of Responsible Banking, announced by UNEP FI in 2019 with theaim of aligning the banking sector with the UN Sustainable Development Goals (SDG) and the Paris Climate Agreement. Defining the role of banking in the new economy, these principles aim to maximize the impact of the banking sector in achieving an equal and prosperous future.
WEPs consists of guiding principles for the empowerment of women in the workplace and community. The principles aim to promote women's participation at every stage of working life and their empowerment by highlighting the importance that companies place on equal opportunities and their practices that respect gender equality. İşbank underlined the importance it attaches to gender equality by signing the United Nations Women's Empowerment Principles.
Founded to raise awareness on integrated reporting and integrated thinking throughout Turkey, ERTA strives to enhance the capacity of businesses and ensure that good practices are shared. It is an association that aims to contribute to the spread of integrated thinking in all institutions and organizations by collaborating with public, private sector, non-governmental and academic institutions at national and international level. The Bank is a member of ERTA.
UN Global Compact encourages institutions to act in cooperation to create a sustainable and inclusive global economy. İşbank commits to comply with the 10 principles of the Global Compact in all its activities.
İşbank is also a member of the Global Compact Working Group on Sustainable Finance in Turkey. The Group aims to increase commitment to sustainability in reel sector, Turkish finance sector in particular, and mobilize the private sector to create the needed financial resources to achieve Sustainable Development Goals. In 2017, İşbank signed the Declaration of Sustainable Finance in Turkey prepared by the Global Compact Turkey Sustainable Banking and Finance Working Group. With the declaration, the signatory banks declared that they will take the environmental and social risks into consideration in the loan assessment processes in the investments of USD 10 million and above.
The Science-Based Targets Initiative directs the private sector's climate action by enabling companies to set science-based emission reduction targets in order to keep the global temperature increase below 2⁰C and to meet the targets set in the Paris Agreement. In 2020, İşbank took an important step to manage its direct impact on climate change, and committed to calculate its Scope 1 and Scope 2 emission targets the Bank discloses within the scope of CDP reporting on the basis of Science-Based Targets.
The 30% Club is a cooperation in which the chairpersons of the board of directors and CEOs aim to improve the gender balance at all levels of their organizations. Behind this cooperation lies the belief that gender balance will make companies more successful and boards more effective. İşbank became a member of the 30% Club in 2022.